The loan finances the acquisition of 60% interest of Belfius in the joint venture with AG Real Estate in the landmark office properties North Light and Pole Star located close to the North Station in Brussels.
The properties make up a high quality “green” office complex of 77,000 m² constructed in 2011 and 2014. The asset is fully leased to ENGIE on leases with unexpired terms of approximately 13 years. The buildings have a number of sustainability features, including optimized geothermal energy, geothermal heating and cooling, solar panels, and a sophisticated climate control system, which have enabled the newest tower of the complex, Pole Star, to achieve a Breeam “Very Good” rating.
|North Light and Pole Star, Brussels
|Club of Korean and French investors
|Type of finance
|Volume of finance:
|EUR 228.6 m
|Role of Helaba
|Arranger, Facility and Security Agent, Lender
|International Real Estate Finance Continental Europe